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Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $ 6 0 , 0 0 0

Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $60,000. Assuming that she puts 20% down, what will be her monthly payment and the total cost of interest over the cost of the loan for each assumption? (Use the Table 15.1)
Note: Do not round intermediate calculations. Round your answers to the nearest cent.
\table[[,Monthly payment,Total cost of interest],[a.25 Years, 5.50%,,],[b.25 Years, 6.00%,,],[c.25 Years, 6.25%,,],[d.25 Years, 6.50%,,]]
e. What is the savings in interest cost between 5.50% and 6.50%?
Note: Round your answer to the nearest dollar amount.
Interest cost
f. If Harriet uses 30 years instead of 25 for both 5.50% and 6.50%, what is the difference in interest?
Note: Use 360 days a year. Round your answer to the nearest dollar amount.
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